Trigon Metals (CVE:TM) Stock Price Down 9.3% – Here’s Why

Trigon Metals Inc. (CVE:TM) was down 9.3% on Wednesday . The stock traded as low as C$0.25 and last traded at C$0.25. Approximately 19,248 shares traded hands during trading, a decline of 70% from the average daily volume of 64,117 shares. The stock had previously closed at C$0.27.

Trigon Metals Stock Down 9.3%

The company has a market cap of C$13.34 million, a P/E ratio of -1.75 and a beta of 2.65. The company has a debt-to-equity ratio of -97.36, a current ratio of 0.23 and a quick ratio of 0.03. The business’s 50 day moving average price is C$0.23 and its 200-day moving average price is C$0.25.

Trigon Metals Company Profile

Trigon Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and maintenance of mines and mineral properties in the African continent. The company primarily explores for copper, lead, and silver deposits. It holds an 80% interest in its flagship project, the Kombat Mine Property, which consists of five mining licenses that covers approximately 1,219 hectares and prospecting license covering 6,671 hectares located in Northern Namibia.